MARKET DEVELOPMENT
Crude Palm Oil Futures Decline on Higher Arrivals
Crude Palm Oil Futures Decline on Higher Arrivals
02/11/2015 (Mint Market Info) - Crude palm oil futures declined on MCX on account of higher arrivals of oilseeds in producing centers. Though, lower output due to the El Nino weather phenomenon, which sees scorching weather across Asia, capped some losses.
The contract for October delivery was trading at Rs 400.60, down by 0.15% or Rs 0.60 from its previous closing of Rs 401.20. The open interest of the contract stood at 708.00 lots.
The contract for November delivery was trading at Rs 405.00, down by 0.93% or Rs 3.80 from its previous closing of Rs 408.80. The open interest of the contract stood at 5075.00 lots on MCX.
The contract for October delivery was trading at Rs 400.60, down by 0.15% or Rs 0.60 from its previous closing of Rs 401.20. The open interest of the contract stood at 708.00 lots.
The contract for November delivery was trading at Rs 405.00, down by 0.93% or Rs 3.80 from its previous closing of Rs 408.80. The open interest of the contract stood at 5075.00 lots on MCX.